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CMA Reports

CMA Reports

A
"CMA" otherwise known as a comparative market analysis, is used to
help sellers determine a fair market value of their property or help
buyers that are considering buying a home and want to know what a fair
price would be.

CMA
is similar, but not the same as an appraisal. It is the opinion of the
value of your home based off the sales in the area of the subject
property. We take the subject property stats and enter them into our
database and pull up other properties with in the area, with similar
characteristics. We then take the price that the comparative properties
sold for minus concessions to get an actual value of what some one is
willing to spend on a home like the subject property.

Concessions
are items that were included with the sale of the home. If a property
sold for $220000 but had $5000 in concessions. the house really sold for
$215000 and the seller agreed to pay towards something towards closing
costs, or carpet.

Often times people refer to other real
estate web pages like Zillow to determine the value of their property.
Many of the sites that offer this information tend to have old
information some up to many years old. This gives a false value of your
home. They also don't report concessions paid by the seller.

I
have noticed that most people really are not interested in
talking with a Realtor. There are many reasons for this. They don't want
to pay a commission. They just don't want to bother with a sales person
or they have had a bad experience in the past that has put a bad taste
in their mouth.

Unfortunately
there are many agents and brokers out there just for the money. If you
do your due diligence there are many Realtor's
out there that have a lot of knowledge and can do a proper CMA and get
you more money for your house than you thought. Every Realtor I know, me
included, will do a comparative market analysis on your home for free.

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About Me

I am a contractor based in the Salt Lake Area. I have been working in
the business since 1998. I started by just framing houses. I learned a
lot just from building the structures and being around all the other
trades. In 2005 my company was hired to frame a hotel in Denali, Alaska
for princess cruise lines. They liked us so much that we were hired
directly to finish out the project. I then returned home and began
building homes from the ground up. I would try to hire things out but I
was on a budget so if I couldn't get the prices I needed then I would
just do it myself and pay the allowable amount. This was where I started
learning how to do many things.

The market as everybody knows took a down turn end of 2007 into
2008. I had multiple properties on the market and took a big hit. I then
turned my focus from new construction to doing remodels. Many people
were putting apartments in their basements to accommodate family members
who had taken a hit from the recession. I was able to find frugal ways
to fix things up and also give it that elegant feel that so many of us
want.

I have kept to myself doing these fix and flips but I feel that maybe I
have something to offer the general public. I am a licensed and insured
contractor. I have also been really active in real estate. I got my
real estate license in 2002. I have a passion for both.

My greatest passion is buying homes that definitely need love. I take
these and I use my strong design sense to create something that is
unique. I consider my designs to be an expression of self as well as
art. I take pride in my work and love when it is appreciated.

I feel everyone likes to be unique. You can own a track home in a
developed neighborhood and still be unique. You can have that "
something no one else has" it just takes creativity and vision.

I don't claim to be a writer, and I am new to this blog thing so bear with me as I work through this new adventure.